Cost of Living in Canyon Creek, TX

With a cost of living index of 108, Canyon Creek, TX is somewhat more expensive than average. Living here is 8% more expensive than the national average and 21% above the Texas state average of 88. Canyon Creek is a small community of 963 residents.

Housing costs are the biggest factor in Canyon Creek's cost of living. The median monthly rent is $1,768 (34% above the US median of $1,319), and the median home value sits at $264,400 (13% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Canyon Creek is $90,774, which is 21% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.